Joshi was nominated by his party following which Lok Sabha Speaker Meira Kumar has reappointed him as chairman of PAC which is responsible for conducting the financial audit of various departments and ministries.
The term of the previous committee ended on Saturday, April 30. Joshi's reappointment will be effected from today and he will be the chairperson for one year.
The 77-year-old leader has been recently at the centre of major controversy after he circulated the draft report of PAC on the 2G scam.
He was attacked by the PAC members belonging to UPA who alleged that the report was prepared with "malafide intention" to defame and destabilise the Government.
The UPA members created pandemonium at the last meeting of the previous committee of the PAC on April 28 which had resulted in a chaos.
Rejecting the charges of being malafide, Joshi yesterday sent the report to Lok Sabha Speaker and wanted her to table it in Parliament.
Addressing media, he also termed as "unconstitutional" the claim that 11 MPs of the 21-member committee had "rejected" the report, saying said such a possibility does not exist till the report is "read" by members and "discussed" para by para.
Replying to a question, Joshi said he would wait for a decision from the Lok Sabha Speaker on whether the report had been "adopted".